Question

navina industry purchased a instalment basis machinery on 1st January 2013.the term was that on 31st December each year a payment of €5000 has to be made to the vendor, which includes interest @5% on balance of cash down price due and so on for 5 years completing the payment in five instalment. it was decided to depreciate the machinery @10% p.a on reducing balance method
ascertain the cash Down price and show interest suspense account and machinery account in the books of the buyer.calculate of interest may be made to the nearest rpee.​

Answer 1

Answer:

sorry...................